Curve
Curve Finance
The largest stablecoin-focused AMM, optimised for low-slippage swaps between like-kind assets.
Curve's StableSwap invariant blends constant-sum and constant-product, producing depth orders of magnitude greater than xy=k for tokens trading near parity. Curve pools (3pool, FRAXBP, crvUSD/USDC) are the deepest on-chain venues for large stablecoin trades and the primary pricing source for many stables on Chainlink feeds.
See on StableLens
/protocol/curve — live data, risk grade, and methodology citation.
Related terms
- AMM (automated market maker)A smart contract that prices assets via a pricing curve over a pool of reserves rather than an order book.
- crvUSDCurve Finance's CDP-issued stablecoin, collateralised by ETH, wstETH, sfrxETH, WBTC, and tBTC, using a soft-liquidation algorithm (LLAMMA).
- Concentrated liquidityAMM design where LPs allocate liquidity to a chosen price range, increasing capital efficiency vs. constant-product.
- CRVThe governance + emissions token of Curve Finance, lockable for [[ve-token]] vote-escrowed governance power.